CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 37,415	$ 21,568
Receivables (less allowance for credit loss, $175 and $150 at June 30, 2022, and December 31, 2021, respectively)	105,393	92,537
Inventory	272,948	245,944
Prepaid expenses	6,768	1,510
Refundable income taxes	0	5,539
Total current assets	422,524	367,098
Property, plant, and equipment	418,040	404,149
Less accumulated depreciation and amortization	(206,055)	(196,863)
Property, plant, and equipment, net	211,985	207,286
Operating lease right-of-use assets, net	15,559	9,671
Investment in joint ventures	5,792	4,944
Intangible assets, net	217,803	218,838
Goodwill	226,294	226,294
Other assets	6,663	7,336
Total assets	1,106,620	1,041,467
Current Liabilities
Current maturities of long-term debt	4,189	3,227
Accounts payable	60,572	53,712
Federal and state excise taxes payable	7,673	6,992
Income taxes payable	141	0
Accrued expenses and other	20,681	24,869
Total current liabilities	93,256	88,800
Long-term debt, less current maturities	32,698	35,266
Convertible senior notes	195,066	194,906
Long-term operating lease liabilities	12,206	6,997
Other noncurrent liabilities	4,095	5,132
Deferred income taxes	66,226	66,101
Total liabilities	403,547	397,202
Commitments and Contingencies (Note 8)
Capital stock
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares	4	4
Common stock
No par value; authorized 40,000,000 shares; issued 23,125,166 shares at June 30, 2022 and December 31, 2021; and 21,992,751 and 21,964,314 shares outstanding at June 30, 2022 and December 31, 2021, respectively	6,715	6,715
Additional paid-in capital	317,240	315,802
Retained earnings	401,915	344,237
Accumulated other comprehensive income	(321)	354
Treasury stock, at cost, 1,132,415 and 1,160,852 shares at June 30, 2022 and December 31, 2021, respectively	(21,726)	(22,357)
Total MGP Ingredients, Inc. stockholders’ equity	703,827	644,755
Noncontrolling interest	(754)	(490)
Total equity	703,073	644,265
Total liabilities and equity	$ 1,106,620	$ 1,041,467